Board of Directors

BOARD COMPOSITION

Kumho Tire has established a transparent decision-making system through the board of directors with diversity and expertise. The board of directors consists of a total of 7 members including 1 inside directors, 2 non-executive directors, and 4 independent directors. The Chairperson of the BOD is separate from the CEO, and a majority of the board consists of Independent Directors selected for their expertise and diversity to ensure independence.

Category Name Gender Nationality Expertise Term
Internal
Directors 		Iltaik Jung Male Korea Management May.7, 2021 ~
May. 6, 2027
Non-executive
Directors		 Chai Young Sen Male China Management Jul. 6, 2021 ~
Jul. 5, 2027
Zhang Jun Hua Female China Accounting Jul. 6, 2021 ~
Jul. 5, 2027
Independent
Directors		 Hansuh Gu Male Korea Management May. 19, 2020 ~
Mar. 29, 2026
Jinyoung Kim Male Korea Management,
Finance		 Jul. 6, 2021 ~
Jul. 5, 2027
Moonsun Song Male Korea Finance,
Accounting 		Mar. 30, 2022 ~
Mar. 29, 2028
Insoo Pyo Male Korea Law Jul. 06, 2024 ~
Jul. 05, 2027
(As of December. 31, 2024)

BOARD OF DIRECTORS OPERATION

Boards play an important role of supervising management. The Strategy Planning Division supports the best decision making of the board of directors by providing information on agenda items and prior reporting.
Also, the finance, HR and strategy planning sectors support and manage the activities of five committees under the board of directors.

BOARD OF DIRECTORS OPERATION GRAPH BOARD OF DIRECTORS OPERATION GRAPH
  • Number of BOD Meetings Held (Unit:Times)
    • 2019 : 6
    • 2020 : 9
    • 2021 : 9
  • Resolved Agenda (Unit:Cases)
    • 2019 : 25
    • 2020 : 20
    • 2021 : 35
  • Board of Directors Meeting Attendance Rate (Unit:%)
    • 2019 : 98
    • 2020 : 94
    • 2021 : 95

Subcommittee Operation

Kumho Tire established 5 subcommittees under the BOD, including the Audit Committee, Independent Director Nominating Committee, Strategy Operation Committee, Compensation Assessment Committee, and ESG Committee.
The Audit Committee consists entirely of independent directors to ensure its independence and transparency.
As for the Independent Director Nominating Committee, majority of the members are independent directors in accordance with the relevant standards and internal regulations.

Subcommittee Operation Subcommittee Operation
Committee

  • Composition

    Audit Committee :

    Major Role

    Audits the company's accounting and operation

  • Composition

    Independent Director Nominating Committee :

    Major Role

    Nominates candidates for independent directors to be appointed at the general shareholders’ meeting

  • Composition

    Strategy Operation Committee :

    Major Role

    • Evaluates short-term management plans • Evaluates short-term performances • Evaluates daily management issues

  • Composition

    ESG Committee :

    Major Role

    • Deliberation and resolution of ESG management promotion plan • Management and supervision of ESG management promotion tasks • Non-FInancial Risk (ESG) Mnagement

  • Composition

    Compensation Assessment Committee :

    Major Role

    • Establishes the performance assessment and compensation system for the organization and employees • Discusses key HR policies • Reviews the appointment and dismissal of the management
Subcommittee Composition
●chairman ○member (As of December. 31, 2024)
Committee Number of
BOD Meetings
Held(2024)		 Iltaik
Jung		 Chai
Yong
Sen		 Zhang
Jun
Hua		 Hansuh
Gu		 Jinyoung
Kim		 Moon sun
Song		 Insoo
Pyo
Audit Committee 6 ○ ● ○
Independent
Director Nominating
Committee		 1 ○ ○ ●
Strategy
Operation
Committee		 12 ● ○ ○ ○
Compensation
Assessment
Committee		 9 ○ ○ ●
ESG Committee 2 ● ○ ○